The price of electricity skyrockets this Monday, July 4: these are the cheapest hours to turn on appliances, wash or iron

The price of electricity skyrockets this Monday, July 4: these are the cheapest hours to turn on appliances, wash or iron

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Checking the daily rate is essential if we want to save when we use our appliances. / Photolia

The maximum cost of electricity will be registered between 7:00 and 9:00 a.m., while the minimum will be between 6:00 p.m. and 7:00 p.m.

BS

Rise in the price of electricity. And with that, follows the tetris that is for consumers to organize their daily lives to scratch a few euros to the electricity bill. The increase in the cost of electricity now forces us to review the hours of the day when it is cheaper to turn on electrical appliances. Therefore, checking the daily rate is essential if we want to save when we turn on the air conditioning now that it’s hot, the washing machine or simply ironing.

The average price of electricity for regulated rate customers linked to the wholesale market will rise 22.72% this Monday compared to this Sunday, up to 254.97 euros per megawatt hour (MWh).

In the auction, the average price of electricity in the wholesale market -the so-called ‘pool’- will stand at 159.92 euros this Monday, which is around 26 euros more than the price for this Sunday (133, 50 euros), according to data from the Iberian Energy Market Operator (OMIE).

How to save at home: cook in the oven or on the ceramic hob?

The maximum price of electricity for this July 4 will be registered between 7:00 and 9:00 a.m., with 176 euros, while the minimum for the day, of 143.83 euros, will be between 6:00 p.m. and 7:00 p.m.

Added to this wholesale market price is the compensation of 95.05 euros/MWh to the gas companies (a figure that is still provisional and that usually varies compared to the definitive one and affects the percentage variations in the price), compared to 74.27 euros/MWh (still provisional) registered this Sunday. This compensation must be paid by the consumers who benefit from the measure, the consumers of the regulated rate (PVPC) or those who, despite being in the free market, have an indexed rate.

Compared to a year ago, the price of electricity for customers of the regulated rate for this Monday is 221% more.

Tips to lower the bill

How much does it cost to put the air conditioning?

It depends on several factors. The electrical power tells us how much the device spends if it works for a whole hour, “but the air conditioner does not work exactly like that because it has a thermostat that turns on, off or reduces the power to maintain the programmed temperature as necessary,” warn experts in air conditioning. A trick to calculate the approximate consumption is to divide by two the sum of the minimum and maximum powers, which in our example would be 1 kilowatt hour. If we take as reference an average rate of 0.30 euros per kWh, the equation is simple. Keeping the air conditioning on four hours a day costs 36 euros a month.

“The difference between the temperature outside and the one programmed in the air conditioner has a significant effect on the electricity bill,” they warn at the OCU. In this sense, they advise to put the air on 8 degrees less than what the thermometer marks in the street. “For example, if it’s 33 degrees outside, set the thermostat to 25 instead of lowering the room temperature to 18. You’ll still have a significant level of comfort and it will cost less, plus the engine on the computer will wear less. In general, for each degree that you lower the temperature of the thermostat you will add 10% to the cost of running the device.

Another tip to save on your bill is to buy the right size kit. “If it’s too big, you could use more electricity than you need because the unit may be running short but frequent cycles to reach the desired temperature. If it’s too small, it’s going to have to work too hard to cool your house.”

The appliances that consume the most

According to the OCU, the household appliances that consume the most energy are the refrigerator (662 kWh per year on average), the freezer (563 kWh), the television (263 kWh), the washing machine (255 kWh), the dryer (255 kWh) and the dishwasher (246 kWh).

Fridge

The refrigerator and the freezer are two of the appliances that consume the most since they are connected all day. However, you can save some money by making the most of its volume, setting the thermostat between 4 and 6 degrees Celsius, and not leaving the door open for too long. It is best that the refrigerator is not located in the kitchen near the oven, a radiator or a sunny window.

Dishwasher

Our electricity bill can be modified by changing the dishwasher program. According to the OCU, consumers can save up to 20% if they use an economic program (at 50 ºC instead of 60 ºC) and reserving the intense wash program only when the dishes are very dirty.

Contrary to what one might think, the half load program does not save much energy, so it is better to wait until the dishwasher is completely full before starting it.

Washer and dryer

To save on electricity consumption by putting the washer and dryer, it is advisable to use the coldest possible program in the washes, as well as the fastest spin. Also, if you are going to iron the clothes, it is advisable to finish the drying program before.

TV

How many times do we leave the television on without even paying attention to it? This everyday gesture can make the electricity bill more expensive. On average, Spaniards spend more than three and a half hours a day in front of the small screen, which represents an energy consumption of up to 12%. To save money, the solution is not to turn off the television or leave it on ‘standby’, but to disconnect it when it is not being used. Otherwise, it can consume as much as a computer at full capacity even if it is not turned on.

How to save up to 20% energy at home

You can save energy in many ways, from a gesture as simple as turning off lights to installing solar panels at home. In Spain there is already a law so that in public places the heating does not exceed 21 degrees and the air conditioning is below 26. A gesture that we could also do at home.

Reducing speed on highways to 110 kilometers per hour was already launched in 2011 and allowed us to save 15% on fuel. Sharing a car, betting on public transport or cycling allow consumption to be reduced. Energy savings that also help improve our economy

The OCU denounces that the June electricity bill becomes more expensive by 49.2% year-on-year

The Organization of Consumers and Users (OCU) has warned that the average electricity bill in June became 49.2% more expensive in relation to the same month last year and, specifically, it has risen to 102 .65 euros.

This figure represents an increase of 3.9% compared to May, but the organization clarifies that, despite this rise, without the application of the cap on gas for electricity generation (which came into force on June 15 ) and without the reduction of VAT on electricity to 5% (from 10%) the bill would have reached 120 euros, according to their calculations, and would have become the second most expensive in history after that of March 2022 .

In its analysis, the OCU highlights “the anomalous conditions of the month of June, with a significant rise in the price of gas in international markets and a heat wave that has facilitated an unusual increase in its consumption for electricity production on these dates (28 % vs. 13% during June 2021).

The organization also emphasizes that the difference between the price capped and without the cap will be greater when the measure is applied for a full month. “However, the evidence of these first days is that the gas cap will avoid high bills, but it will hardly mean a significant reduction if the current conditions of the wholesale energy markets are maintained, as everything seems to indicate,” he values. .

In this context, OCU asks the Government to suspend taxes linked to energy as the “only measure” to lower the bill.

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